Veery Capital LLC Has $342,000 Stake in Tesla, Inc. (NASDAQ:TSLA)

Veery Capital LLC reduced its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 14.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,307 shares of the electric vehicle producer’s stock after selling 212 shares during the period. Veery Capital LLC’s holdings in Tesla were worth $342,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Turtle Creek Wealth Advisors LLC increased its stake in Tesla by 11.6% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 3,943 shares of the electric vehicle producer’s stock valued at $1,032,000 after buying an additional 411 shares during the last quarter. Maxwell Wealth Strategies Inc. raised its holdings in shares of Tesla by 580.1% in the 3rd quarter. Maxwell Wealth Strategies Inc. now owns 8,957 shares of the electric vehicle producer’s stock valued at $2,252,000 after purchasing an additional 7,640 shares during the period. Natixis Advisors LLC raised its stake in Tesla by 6.6% in the third quarter. Natixis Advisors LLC now owns 1,750,576 shares of the electric vehicle producer’s stock valued at $458,003,000 after buying an additional 108,449 shares during the period. Mizuho Markets Americas LLC acquired a new stake in Tesla during the 3rd quarter valued at $52,326,000. Finally, TSA Wealth Managment LLC boosted its position in Tesla by 23.4% during the third quarter. TSA Wealth Managment LLC now owns 1,822 shares of the electric vehicle producer’s stock worth $477,000 after purchasing an additional 345 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Up 3.1 %

Shares of TSLA stock opened at $320.72 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $1.03 trillion, a P/E ratio of 87.87, a P/E/G ratio of 10.42 and a beta of 2.29. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $358.64. The stock’s fifty day simple moving average is $252.30 and its 200 day simple moving average is $220.72.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the prior year, the company posted $0.53 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on TSLA shares. Wells Fargo & Company lifted their target price on shares of Tesla from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their price objective on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup lowered their target price on Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. Barclays boosted their price target on Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Finally, Wedbush increased their price objective on Tesla from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $230.18.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 188,797 shares of company stock valued at $57,616,781 over the last ninety days. 20.70% of the stock is owned by company insiders.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.